Country`s silk exporters Thursday expressed concern at Finance Minister P.Chidambaram's proposal to increase duty on imported raw silk, fearing that it would further hit exports of silk fabrics as they heavily rely on cheap and high-quality imported raw silk from China. In order to give a measure of protection to domestic sericulture, Chidambaram in his budget speech proposed to increase the duty on raw silk from 5 percent to 15 percent. "It could help a little bit domestic raw silk producers

The New York cotton futures experienced a slightly stronger downward trend than the Cot look A or Bremen CIF Index during the reported week reflecting the firm market prices for available cotton as already described in the previous week. The availability of the preferred medium staple cotton was partly limited; sometimes only qualitative concessions enabled the supply. The domestic demand was said to be good up to restrained. Although the spinning industries’ price ideas were below origin in

Your favorite bargain retailer, H&M, is on a major winning streak with Helen Hunt wearing one of its gowns to the Oscars (major!) and then holding its first runway show in eight years in Paris on Wednesday. Now I'm hearing buzz that H&M is planning to launch e-commerce in June. This is a runway look from H&M's show yesterday. It was a fun and playful collection (notice the model doesn't have that typical I'm-so-bored-with-this look on her face). Source: Glamour

Photo documnet of Bali textile. (tenunindonesia.com) Bali`s exports of textile and textile products (TTP) shrank 19.83 percent in value to US$100.65 million in 2012 from US$125.54 million in the previous year. The export earning fell despite an increase in volume because of shrinking price, I Ketut Teneng, chief spokesman of the Bali provincial administration, said. Bali`s TTP exports rose 3.02 percent in volume to 45.51 million pieces in 2012, Ketut Teneng said here on Wednesday. He sa

Seafood and garment exporters have confirmed that orders have come in rapid fire since the beginning of the year. However, this has raised the worry about the lack of materials and the production cost increases. Resuming the production on February 15, the catfish of the Hung Vuong Seafood Company have been running at full capacity to be able to deliver goods on schedule. Duong Ngoc Minh, General Director of Hung Vuong, said many other seafood companies also have to gear up and increase the pr

As many as 104 private and public sector textile mills have shut down since 2009 on account of financial and labour problems, Parliament was informed on Wednesday. Referring to textiles commissioner data, textiles minister Anand Sharma said the number of closed cotton/manmade fibre textiles mills (non-SSI) was 104 from fiscal 2009-10 up to December 2012. “The major reason for closure of mills is financial problems. However, mills are also closed on account of labour problems and lock-outs,”

The Ministry of Industry, Commerce and Consumer Protection is presently studying the possibility of establishing an ‘Integrated Textiles Park’ in Mauritius. This issue was brought up during the mission of minister of Industry, Commerce and Consumer Protection Cader Sayed Hossen in India between February 14 and 18. It has been decided that India would grant market access to apparel from Mauritius through a Tariff Rate Quota (TRQ), similar to what it is providing to Sri Lanka and Bangladesh.

India is likely to cancel Pakistani cotton import orders after the commodity’s price surged significantly from the rate at which the two countries have agreed upon, a broker said on Wednesday. “India would back out from its commitment of delivering fine quality cotton to Pakistan,” Shakeel Ahmed Khilji, a broker at the Karachi Cotton Exchange (KCE), said. This will not be for the first time that India would cancel the deal. It has done so several times in the previous years by creating non-t

The peak forecaster of wool production in Australia says a slump in live exports and prices are part of the reason for a likely modest increase in output in Western Australia. The Australian Wool Forecasting Committee says the stabilisation of production is likely to continue this season, with a slight increase in production nationwide. Other forecasters have also predicted marginal price rises by the end of the financial year. The committee's chairman, Russell Pattinson, says conditions fa

The Union Budget has proposed to do away with excise duty on cotton and manmade sector (spun yarn) at the yarn, fabric and garment stages. Impact This should be a big positive mainly for garment-manufacturing companies. The industry has been battling weak demand for one and half years. This is reflected in the subdued financial performance of textiles companies in the last few quarters. It is estimated that the industry's volume growth has been subdued at 5%. Earlier there was an excise duty